Children's Savings Accounts
A children's savings account is a great way to help your kid learn how to save money. Comparing banks to find the best rate possible on your child's savings account will help them to see results sooner and stay motivated. Many banks and credit unions offer significantly higher rates on child accounts on low balances to encourage saving. The banks with special deals for kids tend to be local so we have compiled a list of several hundred of these banks and continually verify the rates to help you get the best deal possible.
| Bank or Credit Union | Apy | Min | Max | 1yr Est. Earnings | Product | |
| Justice Federal Credit Union | 4.50% | $500 | - | $450 | Grow With Me Account - First 12 Months | |
| Capital One 360 | 0.75% | - | - | $75.00 | Kids Savings Account | |
| Pen Air Credit Union | 0.75% | - | - | $75.00 | Minor Account Savings | |
| First Internet Bank of IN | 0.60% | - | - | $60.00 | Tomorrow's Tycoons | |
| University Federal Credit Union | 0.25% | - | - | $25.00 | Teen Savings | |
| Cattaraugus County Bank | 0.25% | $5k | - | $25.00 | CCB Kids Cash Club | |
| National Bank of Kansas City | 0.25% | $5k | - | $25.00 | Youth Savings Account | |
| Airbanking | 0.25%* | - | - | $25.00 | junior airsavings | |
| Urban Partnership Bank | 0.25% | $50 | - | $25.00 | Minor Savings | |
| Lake Michigan Credit Union | 0.25%* | - | - | $25.00 | Kids Club Savings | |
| Northrop Grumman Federal Credit Union | 0.25% | - | - | $25.00 | Youth Account | |
| Northwest Federal Credit Union | 0.25%* | - | - | $25.00 | Youth Club Share Savings | |
| Pinnacle Federal Credit Union | 0.25% | - | - | $25.00 | Youth Savings | |
| Goldwater Bank | 0.25% | - | - | $25.00 | Youth Savings - AZ Only | |
| America's Credit Union | 0.20% | - | - | $20.00 | Teen Savings | |
| Amegy Bank | 0.15% | - | - | $15.00 | Young Savers | |
| American Bank | 0.15% | - | - | $15.00 | Young American Statement Savings | |
| Apple Federal Credit Union | 0.15%* | - | - | $15.00 | eXtras Student Savings | |
| Jacksonville Bank | 0.15% | - | - | $15.00 | Youth Savings | |
| Astera Credit Union | 0.15% | $100 | - | $15.00 | Star Saver | |
| First National Community Bank (PA) | 0.10% | - | - | $10.00 | Youth Savings Account | |
| North Country Savings Bank | 0.10% | - | - | $10.00 | North Country Kids Savings Account | |
| Digital Credit Union | 0.10% | - | - | $10.00 | Minor Savings | |
| Great Lakes Credit Union | 0.10% | - | - | $10.00 | Kirby Kids Savings | |
| The Farmers Bank | 0.10% | - | - | $10.00 | First Savings Account | |
| Zions Bank | 0.08%* | - | - | $8.00 | Student Savings | |
| South Division Credit Union | 0.05%* | $10k | - | $5.00 | Kids Club Savings | |
| Credit Union Of New Jersey | 0.05% | - | - | $5.00 | Young Savers Club Account | |
| ViewPoint Bank, National Association | 0.05% | $100 | - | $5.00 | Kid's Club Savings | |
| Community Bank of Pleasant Hill | 0.05% | - | - | $5.00 | KA$H | |
| Affinity Credit Union | 0.05% | - | - | $5.00 | Savvy Saver Account | |
| Pacific Community Credit Union | 0.05% | $100 | - | $5.00 | Money & Me Kids Club | |
| Xceed Financial Credit Union | 0.05% | - | - | $5.00 | Minor Savings | |
| Simplicity Bank | 0.05% | $100 | - | $5.00 | Youth Savings Account | |
| INOVA Federal Credit Union | 0.01% | - | - | $1.00 | Club G Savings | |
| Union Bank of California | 0.01%† | - | - | $1.00 | Kidz Savings | |
| Regions Bank | 0.01%† | - | - | $1.00 | Savings for Minors | |
| Bank of America | 0.01%† | - | - | $1.00 | UTMA/UGMA Custodial Savings Account |
Nationwide Savings Accounts
Average Children's Savings Rate Trend
Featured Accounts
CIT Bank
3-year Term IRA CD
1.21% APY
3-year Term IRA CD
1.21% APY
* All banks listed are a Member FDIC.